#MarketRebound

ETH Market Update

Ethereum has demonstrated a strong recovery, bouncing off its support level as mentioned earlier. This move has also been influenced by recent gas fees news. For Ethereum to continue its upward trend, market stability is crucial.

Current Price Action

Ethereum is currently trading around $1,779.65, showing a 12.04% increase in the last 24 hours. The current price range is between $1,614.47 and $1,816.52.

Technical Analysis

A daily closing above $1,680 would be a bullish sign for Ethereum's price action. If the current volume persists, Ethereum could potentially pump up to $1,920.

Key Price Levels

- *Support Level:* $1,614.47

- *Resistance Level:* $1,816.52

- *Target Level:* $1,920

Market Sentiment

The community is bullish on Ethereum today, with 72% of sentiment leaning towards a positive outlook ¹ ².